Ustc/usdt has confirmed its breakout and is currently retesting the breakout level. If this retest holds successfully, we could see a strong bullish move soon. Such retests often signal the continuation of a trend and present an opportunity to enter the market at a favorable level.
Key observations:
- The breakout above a major resistance level shows that buyers are in control.
- The pullback to the breakout zone is a healthy market action that validates the level.
- If the retest holds, it could attract more buyers, fueling a strong upward move.
Trading tips:
- Wait for a clear candle close above the retest zone on the 4H or daily chart to confirm support.
- Monitor trading volume, as a volume increase during the retest often confirms market strength.
- Use technical indicators like rsi or macd to ensure momentum aligns with the bullish scenario.
Risk management:
- Set a stop-loss slightly below the retest level to protect against invalidation.
- Adjust your position size to match your risk tolerance.
- Avoid rushing into the trade; allow the retest to play out fully to confirm its validity.
This analysis is for educational purposes only. Always conduct your own research and trade responsibly.
Key observations:
- The breakout above a major resistance level shows that buyers are in control.
- The pullback to the breakout zone is a healthy market action that validates the level.
- If the retest holds, it could attract more buyers, fueling a strong upward move.
Trading tips:
- Wait for a clear candle close above the retest zone on the 4H or daily chart to confirm support.
- Monitor trading volume, as a volume increase during the retest often confirms market strength.
- Use technical indicators like rsi or macd to ensure momentum aligns with the bullish scenario.
Risk management:
- Set a stop-loss slightly below the retest level to protect against invalidation.
- Adjust your position size to match your risk tolerance.
- Avoid rushing into the trade; allow the retest to play out fully to confirm its validity.
This analysis is for educational purposes only. Always conduct your own research and trade responsibly.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
👉 t.me/cryptobyghazii
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.